Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Union Budget 2020-21: Farm experts pitch for scrapping GST on agri-inputs in wish list
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Union Budget 2020-21: Farm experts pitch for scrapping GST on agri-inputs in wish list

Union Budget 2020-21: Farm experts pitch for scrapping GST on agri-inputs in wish list

Press Trust of India • January 23, 2020, 20:03:45 IST
Whatsapp Facebook Twitter

Removing of GST on agri-inputs, revamping crop insurance scheme, considering land lease rental for fixing MSP and banning futures trade in agri-commodities are among the suggestions made by farm experts during their pre-Budget meeting with Finance Minister Nirmala Sitharaman

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Union Budget 2020-21: Farm experts pitch for scrapping GST on agri-inputs in wish list

New Delhi: Removing of GST on agri-inputs, revamping crop insurance scheme, considering land lease rental for fixing MSP and banning futures trade in agri-commodities are among the suggestions made by farm experts during their pre-Budget meeting with Finance Minister Nirmala Sitharaman. At the meeting here on Tuesday, they also pitched for measures to promote organic farming, cut import duty from 30 percent to zero on live embryo, animal and semen, tweaks in electronic National Agriculture Market (e-NAM) and revisiting Food Security Act.

Finance Minister Smt.@nsitharaman holds Pre-Budget Consultation with the Representatives of Agriculture & Agro Processing Sectors. For more details:https://t.co/v9N2RY7EBW pic.twitter.com/FXymoEhbrg

— Ministry of Finance (@FinMinIndia) December 17, 2019

This is the fourth pre-Budget meeting on agriculture and agro-processing sectors. Already, consultations with IT/ start-ups, financial sector and industry have been held. “There should be zero GST on every farm inputs such as fertilisers, seed and agri-equipments,” Bharatiya Kisan Sangh’s (BKS) Dinesh Kulkarni told reporters after the meeting. He said there should be no futures trading in agri-commodities as it benefits neither consumers nor farmers. He also urged the government to increase procurement of various crops at the Minimum Support Price (MSP). Bharat Krishak Samaj Chairman Ajay Vir Jakkar demanded that the Pradhan Mantri Fasal Bima Yojana (PMFBY) should be replaced with a new crop insurance and compensation scheme or set up a farmers disaster and distress relief commission. Further, he called for a reduction in GST on processed food and dairy products to 5 percent. “We want import duty on live embryo, animal and semen to be reduced to zero. The government should also expedite implementation of National Dairy Plan (NDP-II) at the earliest and make a budgetary provision,” National Dairy Development Board Executive Director Arun Raste said. [caption id=“attachment_7679361” align=“alignleft” width=“380”]Representational image. Reuters. Representational image. Reuters.[/caption] The NDP-II, which aims to boost productivity in the dairy sector, is estimated to cost $1 billion, of which 50 percent will be borne by the World Bank, 30 percent by the Centre and remaining 20 percent by implementing agency NDDB. A consortium of Indian Farmers’ Association (CIFA) Secretary-General B D Rami Reddy said the government should consider lease rental costs while determining MSP for crops as recommended by the Swaminathan Commission. There are a substantial number of people who do farming on land parcels taken on lease. Other stakeholders pitched for building brands of Indian agricultural products abroad, accelerating depreciation benefit to the agri-processing industry, encouraging the development of farm eco-system services and market intelligence systems. They also recommended the development of agro-medicinal forestry, crop diversification, revisiting of Food Security Act, extending the subsidy to producers of green manure, bio-fertilisers and bio-pesticides besides steps for promoting large scale production of compost by utilisation of urban solid waste. The farm experts also emphasised the need for expansion of multi-dimensional research in agriculture sector for the development of new technologies and further suggested for promoting start-ups at the institutes of the Indian Council of Agricultural Research (ICAR) and agriculture universities for young students. The meeting was attended by Minister of State for Finance Anurag Thakur and senior officials from finance, agriculture, consumer affairs, food processing, animal husbandry ministries as well as Niti Aayog. Representatives from National Cooperative Union of India, South Indian Sugarcane Farmers Association, Kisan Foundation, IFFCO, All India Spices Exporter Forum, NCDEX, Indian School of Business, Irrigation Association of India, National rainfed Area Authority (NRAA) and NABARD, among others, were present. Follow full coverage of Union Budget 2020-21 here

Tags
NewsTracker Agriculture Government MSP Nirmala Sitharaman Tax GST Budget Union Budget Food Security Act Pre budget meeting Niti Aayog Bharatiya Kisan Sangh Crop Insurance Scheme agriculture sector Budget 2020 Budget 2020 21 Union Budget 2020 21 Union Budget 2021
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV